We are on a mission to help banks on their digital transformation journey and accelerate their trade finance business. By empowering Operations, Compliance and Relationship Managers, you will be able to improve operational efficiency and free up their time to focus on better serving your customers. Join us on this journey!
TradeAI helps save time and reduce risk by automating the examination of your documents under a trade instrument such as a Letter of Credit. Simply upload your documents, along with the Letter of Credit, and immediately receive comprehensive reports on the compliance of the documents against ICC standards and relevant regulatory requirements. This includes profiling of the transaction for money laundering and terrorist financing risks, and enables monitoring during the transaction lifecycle.
· AI-powered document recognition and data capture
· Automatic sanction and embargo screening
· Automatic trade-based money laundering screening based on BAFT guidelines
· Automatic examination of documents under an LC according to the UCP 600
· Automatic documentation of all actions and decision in a comprehensive audit trail
· Advanced workflow supporting four-eyes principle and multiple conditional escalation steps
· Highly customizable to specific business processes
· Seamlessly integrated with Fusion Trade Innovation
Finastra Fusion Trade Innovation + Conpend Trade AI = next-generation trade ecosystem
The demand for paperless trade, increased automation, and availability of non-bank and third-party services is giving rise to new business models and ways of working. Fusion Trade Innovation, coupled with FusionFabric.cloud, allows banks to address these dynamics through unique technology partnerships and integrations. A move towards end-to-end digital trade transaction processing ecosystem.
This application utilizes the FusionFabric.cloud APIs listed below: